How Long to Read Contract Theory in Continuous-Time Models

How Long Does it Take to Read Contract Theory in Continuous-Time Models?

It takes the average reader 4 hours and 22 minutes to read Contract Theory in Continuous-Time Models by Jakša Cvitanic

Assuming a reading speed of 250 words per minute. Learn more

Description

In recent years there has been a significant increase of interest in continuous-time Principal-Agent models, or contract theory, and their applications. Continuous-time models provide a powerful and elegant framework for solving stochastic optimization problems of finding the optimal contracts between two parties, under various assumptions on the information they have access to, and the effect they have on the underlying "profit/loss" values. This monograph surveys recent results of the theory in a systematic way, using the approach of the so-called Stochastic Maximum Principle, in models driven by Brownian Motion. Optimal contracts are characterized via a system of Forward-Backward Stochastic Differential Equations. In a number of interesting special cases these can be solved explicitly, enabling derivation of many qualitative economic conclusions.

How long is Contract Theory in Continuous-Time Models?

Contract Theory in Continuous-Time Models by Jakša Cvitanic is 256 pages long, and a total of 65,536 words.

This makes it 86% the length of the average book. It also has 80% more words than the average book.

How Long Does it Take to Read Contract Theory in Continuous-Time Models Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 58 minutes to read Contract Theory in Continuous-Time Models aloud.

What Reading Level is Contract Theory in Continuous-Time Models?

Contract Theory in Continuous-Time Models is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Contract Theory in Continuous-Time Models?

Contract Theory in Continuous-Time Models by Jakša Cvitanic is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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